This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the price of pistachio nuts is 7.50 per lb. the quantity demanded is 48 lbs. When the price of ... (Read 49 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
When the price of pistachio nuts is 7.50 per lb. the quantity demanded is 48 lbs. When the price of pistachio nuts is 9.00 per lb. the quantity demanded is 40 lbs.
 
  When the midpoint formula is used to measure the price elasticity of demand we can say that the demand for pistachio nuts is
  A) completely inelastic. B) relatively, but not perfectly, elastic.
  C) unit elastic. D) relatively, but not perfectly, inelastic.

Question 2

In 2010, President Obama said that technological progress kills jobs. Recall that labor-saving technology substitutes for existing labor inputs and reduces the marginal product of labor.
 
  Taking the example of an ATM (Automatic Teller Machine), Obama said that the fact that ATMs have replaced tellers pointed to a structural problem in the economy. Is labor-saving technology necessarily a bad thing?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


storky111

  • Member
  • Posts: 561
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Using a torque wrench to tighten connecting rod nuts on an engine. Using a torque wrench to tighten connecting rod nuts on an engine.
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library